Commercial Finance Manager Job Description and Profile

Commercial finance manager is the person who manages various financial issues related to commerce activities such as buying and selling of goods, purchasing raw material and other resources required and cost incurred in transportation. They oversee day to day business transactions involving all commerce related activities.

Commercial Finance Manager Duties and Responsibilities

Keeping track of the daily financial transactions related to commerce

Taking part in planning projects and provides inputs of financial considerations

Ensuring that there are no discrepancies in balance sheets on a daily basis as well as yearly budget

Playing an active role in finance planning

Lead the financial team dealing with day to day commercial finance of the organization

Allot responsibilities to staff and ensure high performance

Involving in recruitment of new financial staff

Planning financed for new ventures and conducting feasibility studies

Preparing project reports for new ventures

Analyzing the financial activities of the organization and formulating ways to make it more cost effective

Making presentations of organization fiscal performance in stakeholders’ meet

Working with different departments in the organization to evaluate budget scenario

Keeping track of the latest developments in software applications for financial and project management and apply in the organization

Commercial Finance Manager Education, Training and Qualifications

A commercial finance manager should be educated in finance and administration since both are an important part of the job. At least 8 to 10 years of experience is required to in finance, account and management sector.

Commercial Finance Manager Degrees, Courses & Certification

Bachelor’s degree in administration with finance as a major subject is the basic requirement. However, master’s degree in the same (MBA) is the most preferred degree. Master’s degree in finance and commerce is also a very useful degree for the job. The application should have studied in a recognized and accredited institute.

Commercial Finance Manager Skills and Specifications

Should have Outstanding knowledge about all finance matters

Ability to foresee the requirements and operations of the organization and plan budget accordingly

Outstanding communication skills

A very sharp eye for detail in order to analyze financial reports

A strong knowledge about the procedures involved in commerce activities

Outstanding observation and analysis skills

Excellent leadership qualities

Ability to use computer and information technology for efficient output

Excellent foresight and planning skills

Commercial Finance Manager‘s Salary/Wage

Salary can range anywhere between $75,000 and $160,000 based on organization of work, education and experience.